Journals Information
Universal Journal of Accounting and Finance Vol. 10(2), pp. 376 - 386
DOI: 10.13189/ujaf.2022.100202
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Fiscal Autonomy and Educational Attainment of the Federating States in Nigeria
Nkang Eyam , Peter Ubi *, Bassey Ebi
Department of Economics, University of Calabar, Nigeria
ABSTRACT
This study investigates the impact of fiscal autonomy on educational attainment of the states in Nigeria. The focus is on the 36 states in Nigeria. The capability of a state to internally generate revenue is a basic requirement in the provision of social infrastructure. In the context of this research, fiscal autonomy was measured as a ratio of internally generated revenue to federal allocation. To investigate the relationship involving fiscal autonomy and educational attainment in Nigeria, instrumental variable three stage least squares (3SLS) panel estimation framework was adopted by this study. The Hausman's test was used to determine the most robust estimates and the Hansen-sargan test was also used to determine if the instrument used was identified between the two-stage and three-stage least squares. The result from the rigorous estimation technique of 3SLS does not seem to give support to the hypothesis that increase in fiscal autonomy can significantly drive increase in literacy rate vis 鈥揳-vis educational attainment across the states and hence economic development in Nigeria. The study therefore strongly advocates that states should tow the middle path of not being completely fiscal autonomous in striving for fiscal autonomy as fiscal autonomy itself does not necessarily guarantee high educational attainment of states in Nigeria.
KEYWORDS
Fiscal, Autonomy, Secondary, School and Educational
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Nkang Eyam , Peter Ubi , Bassey Ebi , "Fiscal Autonomy and Educational Attainment of the Federating States in Nigeria," Universal Journal of Accounting and Finance, Vol. 10, No. 2, pp. 376 - 386, 2022. DOI: 10.13189/ujaf.2022.100202.
(b). APA Format:
Nkang Eyam , Peter Ubi , Bassey Ebi (2022). Fiscal Autonomy and Educational Attainment of the Federating States in Nigeria. Universal Journal of Accounting and Finance, 10(2), 376 - 386. DOI: 10.13189/ujaf.2022.100202.